The Impact Factors of China’s Outward Foreign Direct Investment in Singapore

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Published: Jul 2, 2023
DOI: https://doi.org/10.31580/apss.v11i1.2799
Keywords:
China’s OFDI, Influencing Factors, Singapore, Post COVID Period

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Xue Ye
School of International Studies, Universiti Utara Malaysia, Changlun, 06010, Malaysia
https://orcid.org/0009-0008-0937-0709
Mohd Sobri Don
School of International Studies, Universiti Utara Malaysia, Changlun, 06010, Malaysia
https://orcid.org/0009-0005-3437-5614

Abstract

The sudden outbreak of COVID-19 pandemic led to a global recession, but China's OFDI remained on a steady rise, attracting global attention. By the end of 2020, Singapore was the second most developed country after the US in terms of receiving outward foreign direct investment (OFDI) flows from China. The investment cooperation between China and Singapore played an important role in promoting the high-quality development of the Belt and Road Initiative and enhancing the economic cooperation between China and ASEAN after the COVID-19 pandemic. This study delves into the influencing factors of Chinese OFDI to Singapore: home country institutions, host country institutions, and investment motives. This study takes Singapore as the research object and uses the data of China’s OFDI to Singapore from 2001 to 2020 to conduct an empirical analysis through a modified regression model to analyze the development of China’s OFDI to Singapore, so as to make contributions to: (1) providing empirical evidence for studying OFDI from developing to developed countries; (2) providing reference for investment cooperation in the post COVID period between China and Singapore.

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How to Cite
Ye, X., & Don, M. S. (2023). The Impact Factors of China’s Outward Foreign Direct Investment in Singapore . Asia Proceedings of Social Sciences, 11(1), 63–66. https://doi.org/10.31580/apss.v11i1.2799
Issue
Vol. 11 No. 1 (2023): ASIA Proceedings of Social Sciences
Section
8th ASIA International Conference 2022
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This work is licensed under a Creative Commons Attribution 4.0 International License.

Author Biographies

Xue Ye, School of International Studies, Universiti Utara Malaysia, Changlun, 06010, Malaysia

The sudden outbreak of COVID-19 pandemic led to a global recession, but China's OFDI remained on a steady rise, attracting global attention. By the end of 2020, Singapore was the second most developed country after the US in terms of receiving outward foreign direct investment (OFDI) flows from China. The investment cooperation between China and Singapore played an important role in promoting the high-quality development of the Belt and Road Initiative and enhancing the economic cooperation between China and ASEAN after the COVID-19 pandemic. This study delves into the influencing factors of Chinese OFDI to Singapore: home country institutions, host country institutions, and investment motives. This study takes Singapore as the research object and uses the data of China’s OFDI to Singapore from 2001 to 2020 to conduct an empirical analysis through a modified regression model to analyze the development of China’s OFDI to Singapore, so as to make contributions to: (1) providing empirical evidence for studying OFDI from developing to developed countries; (2) providing reference for investment cooperation in the post COVID period between China and Singapore.

Mohd Sobri Don, School of International Studies, Universiti Utara Malaysia, Changlun, 06010, Malaysia

The sudden outbreak of COVID-19 pandemic led to a global recession, but China's OFDI remained on a steady rise, attracting global attention. By the end of 2020, Singapore was the second most developed country after the US in terms of receiving outward foreign direct investment (OFDI) flows from China. The investment cooperation between China and Singapore played an important role in promoting the high-quality development of the Belt and Road Initiative and enhancing the economic cooperation between China and ASEAN after the COVID-19 pandemic. This study delves into the influencing factors of Chinese OFDI to Singapore: home country institutions, host country institutions, and investment motives. This study takes Singapore as the research object and uses the data of China’s OFDI to Singapore from 2001 to 2020 to conduct an empirical analysis through a modified regression model to analyze the development of China’s OFDI to Singapore, so as to make contributions to: (1) providing empirical evidence for studying OFDI from developing to developed countries; (2) providing reference for investment cooperation in the post COVID period between China and Singapore.